Mondrian Investment Partners LTD Reduces Holdings in Dollar Tree, Inc. $DLTR

Mondrian Investment Partners LTD decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,056,809 shares of the company’s stock after selling 29,872 shares during the period. Dollar Tree makes up approximately 2.1% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 20th largest holding. Mondrian Investment Partners LTD owned 0.53% of Dollar Tree worth $129,998,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Swedbank AB grew its stake in shares of Dollar Tree by 0.4% during the fourth quarter. Swedbank AB now owns 153,469 shares of the company’s stock worth $18,878,000 after acquiring an additional 548 shares during the last quarter. Prospera Financial Services Inc grew its stake in shares of Dollar Tree by 14.6% during the fourth quarter. Prospera Financial Services Inc now owns 7,494 shares of the company’s stock worth $922,000 after acquiring an additional 953 shares during the last quarter. Catalyst Funds Management Pty Ltd grew its stake in shares of Dollar Tree by 13.8% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 3,300 shares of the company’s stock worth $406,000 after acquiring an additional 400 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Dollar Tree during the fourth quarter worth about $1,983,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Dollar Tree by 24.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,551 shares of the company’s stock worth $191,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DLTR. Rothschild & Co Redburn set a $165.00 price target on Dollar Tree and gave the stock a “buy” rating in a research note on Tuesday, February 17th. BMO Capital Markets restated an “underperform” rating on shares of Dollar Tree in a research note on Tuesday, March 17th. Weiss Ratings lowered Dollar Tree from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Barclays restated an “overweight” rating on shares of Dollar Tree in a research note on Monday, March 16th. Finally, Bank of America lifted their target price on Dollar Tree from $85.00 to $89.00 and gave the stock an “underperform” rating in a report on Monday, March 16th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.57.

Dollar Tree Trading Down 0.8%

Dollar Tree stock opened at $94.98 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. Dollar Tree, Inc. has a 52 week low of $84.71 and a 52 week high of $142.40. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.19 and a beta of 0.61. The stock has a 50-day moving average price of $101.51 and a 200 day moving average price of $114.03.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts anticipate that Dollar Tree, Inc. will post 6.73 EPS for the current year.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.